![\"SEC](\"https:\/\/cdn.benzinga.com\/files\/imagecache\/1024x768xUP\/images\/story\/2012\/alex_oh.jpg\" "\\"Exxon")
<\/a><\/div>\n<\/div>\nThe U.S. Securities and Exchange Commission (SEC) reported the resignation of Alex Oh as director of the Division of Enforcement after only five days on the job.<\/p>\n
What Happened:<\/strong>\u00a0The SEC announcement of Oh\u2019s departure only cited \u201cpersonal reasons\u201d for her abrupt exit.<\/p>\n Oh worked for two decades at the law firm Paul, Weiss, Rifkind, Wharton & Garrison prior to joining the SEC.<\/p>\n According to a\u00a0Politico<\/a>\u00a0report, she was part of a reprimand issued on Monday by a federal judge for her conduct in defending\u00a0ExxonMobil<\/strong>\u00a0XOM 3.34%<\/a><\/span>\u00a0in a class-action lawsuit brought by Indonesian villagers who sought to hold the oil company liable for murder and torture committed by the Indonesian military from 1999 and 2001, when the company hired soldiers to protect its natural gas facilities in the country.<\/p>\n<\/div>\n Oh had also been the target of progressive political organizations who felt her legal record made her unsuitable for the position. Three of these organizations \u2013 Demand Progress, the Progressive Change Campaign Committee and the Revolving Door Project \u2013 sent a letter to SEC Chairman Gary Gensler asking to remove her from the agency while questioning if she could \u201cchange her entire legal philosophy toward fully enforcing the very laws and regulations whose enforcement she has built a career of defending against.\u201d<\/p>\n What’s Next:<\/strong>\u00a0In her resignation letter, Oh wrote, \u201cIn light of the time and attention it will take from me, I have reached the conclusion that I cannot address this development without it becoming an unwelcome distraction to the important work of the division.\u201d<\/p>\n Melissa Hodgman, who held the role of acting director of the Division of Enforcement before Oh\u2019s appointment, resumed the position pending the appointment of a replacement for Oh.<\/p>\n (Photo of Alex Oh courtesy Paul, Weiss, Rifkind, Wharton & Garrison LLP.)<\/em><\/p>\n ___ SEC Enforcement Director Alex Oh Quits After 5 Days: What You Need To Know Phil Hall , Benzinga Staff Writer The U.S. Securities and Exchange Commission (SEC) reported the resignation of Alex Oh as director of the Division of Enforcement … Continue reading
\nhttps:\/\/www.benzinga.com\/news\/21\/04\/20866036\/sec-enforcement-director-alex-oh-quits-after-5-days-what-you-need-to-know<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"